Key Takeaways

• Nucor has held its CSP HRC base price flat for a second consecutive week, ending a months-long run of steady increases. The gap between the standard mill price and the CSI mill price now sits at a level buyers need to factor into sourcing decisions.
• A temporary tariff authority that has propped up import pricing since its imposition is scheduled to lapse in weeks, and the most probable outcome carries a quantifiable effect on landed import costs.
• Manufacturing expanded for a sixth straight month while consumer confidence weakened, setting up a specific tension that may determine whether current price stability holds through the second half.

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